W. P. Carey School upgrades real estate programs


January 6, 2012

Worldwide attention is now focused on the Phoenix-area real estate market and its slow recovery from the foreclosure crisis. At the same time, the W. P. Carey School of Business at Arizona State University is making some timely upgrades to its real estate programs aimed at disseminating more public information about the market and educating future real estate industry leaders. Among them is the addition of real estate expert Mike Orr, highly regarded for his market analysis as creator of The Cromford Report.

“National reporters and local realtors already know Mike Orr very well,” says Mark Stapp, director of the Master of Real Estate Development program at the W. P. Carey School of Business. “Orr is known for his daily updates on Phoenix-area real estate and his forward-looking analysis. He brings a perspective that’s relevant, useful and unique, helping people to better understand what’s happening in the market.” Mike Orr Download Full Image

Orr will continue managing The Cromford Report, and he’ll also produce regular reports about Phoenix-area real estate for the public through the W. P. Carey School. He will eventually expand his focus from the residential market to encompass the commercial market, too.

“I’ve mostly focused on providing support to realtors over the past five years, but now I look forward to bringing easy-to-understand, relevant information about Arizona real estate to everyone, so they can make better decisions,” says Orr, who becomes director of the Center for Real Estate Theory and Practice at the W. P. Carey School. “I’m planning to use the great range of skills and resources available to me at Arizona State University, including the newest technologies, so anyone will be able to retrieve our information on iPads and other mobile devices. We’ll provide timely and detailed insight into real estate challenges and opportunities for business leaders, policy makers and the general public.”

The W. P. Carey School’s addition of Orr comes as its popular one-year Master of Real Estate Development (MRED) program also grows in global recognition. The program for real estate professionals involves faculty from ASU’s schools of design, law, construction and business, providing an integrated experience across fields. Now in its sixth year, the relatively small, personalized program enrolls students from eight countries, including Saudi Arabia, China, Thailand and India. About 70 percent of the participants come from outside Arizona. They have, on average, five years of work experience already.

“We are pleased to have a growing global reach for this program, in which industry leaders teach students about the practical process of real estate development,” says Stapp. “This includes everything from a real-world project on the redevelopment of a major urban mall to weeklong field-study trips around Los Angeles and Phoenix, during which students do case-studies on various buildings. We also recently decided to provide MRED students with memberships to four important industry groups, to help with networking opportunities.”

For undergraduates, the W. P. Carey School recently added a real estate minor open to students in any ASU major. Participants learn the fundamentals of real estate, related law, appraisal and land development.

In addition, the school has a revamped community group assisting in making the real estate program even better. The Real Estate Advisory Board features a half-dozen of the top real estate developers and investment professionals in the state, providing high-level advice on the program’s direction.

For more information about the school’s programs, go to www.wpcarey.asu.edu. Specific information about the MRED program can be found at http://wpcarey.asu.edu/master-real-estate.

Sun Devils drop home contest to Southern Cal


January 6, 2012

The Arizona State University women’s basketball team suffered just its third loss of the season and first in Pac-12 conference play as it fell, 60-48, on Thursday evening at Wells Fargo Arena. 

Kimberly Brandon and Adrianne Thomas both scored seven points to lead the Sun Devils, who shot just .298 from the field in the contest.   Download Full Image

Senior guard Ashley Corral led the way for the Trojans (7-6, 2-1 Pac-12), scoring over a third of the team’s points with her 21-point effort – including 4-of-6 shooting from behind the arc. 

Arizona State’s bench outscored USC’s 20-6 and dominated the paint with a 20-10 advantage, but the Trojans hot shooting in the second half proved to be too much as ASU (10-3, 1-1 Pac-12) struggled to make its own shots down the stretch. 

USC used a 7-0 run midway through the second half to jump ahead, 42-37, after falling behind by six early in the half.  Southern Cal rode the shooting of Corral, who scored 13 of her 21 points in the second half.  

The Sun Devils brought the score back within three on a Janae Fulcher free throw with 8:15 left in the half, bringing the score to 44-41.  The Trojans began to heat up from behind the three-point line at that point, though, to go on a 9-0 run for the 53-41 advantage with four minutes left and effectively putting the game away in the process. 

The Trojans knocked home eight treys over the course of the game while the Sun Devils were 3-of-8 in the category. 

ASU fell behind by as much as seven in the first half but forced USC into 12 turnovers and saw valuable minutes off the bench, outscoring the Trojans 12-0 in the category, to claw back into the game before halftime. 

A Brandon jumper at the 4:22 mark evened the game at 20 and ASU forced a turnover on the ensuing possession that led to a Kali Bennett layup on the other end that gave the Sun Devils the lead back.  Corral though knocked down her second trey of the game on the Trojans’ next trip down the court to retake the lead, 23-22, with three minutes left in the frame.

The teams exchanged missed shots and turnovers over the next couple minutes before Deja Mann knocked down two free throws with 1:18 left in the half to lead to put the team back in front, 24-23, heading into the break.

The ASU women will be back in action Saturday at home as they take on UCLA at 4 p.m. MST in Wells Fargo Arena.  The contest will be broadcast live on Fox Sports Net.

Final Shots

  • The ASU bench showed its depth as it outscored the Sun Devil starters in the first half, 12-8, led by Thomas’ five points.
  • All ten players that saw the court for ASU logged points on Thursday with no Sun Devil scoring more than seven or less than three points.
  • ASU continued its strong defensive play, holding the Trojans to just 60 points (USC averaged 64.6 ppg entering the game) and a .326 shooting percentage (USC averaged a .388 shooting percentage coming in).  ASU has now held every opponent during the 2011-12 campaign below their respective points per game and all but one below their field goal percentage.